Many hard money lenders offer loans that include rehab costs, which could be beneficial for your BRRRR strategy.Alternatively, if you find a lender that offers a DSCR loan with a lower down payment requirement, that could be another route to explore, especially if you already have positive rental income history.

Detroit is a hot investor market right now because there is opportunity for not only income producing assets, but there are plenty of value-add properties available.

What tips and techniques have you found most effective in increasing rental income and property value?

The §1245 Silver Lining: Turning Tax "Pain" into Strategic Gain“’That'll be $500,000 in ordinary income.'

@Stan MendozaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you lose your source of primary income, do you have enough cash to make it through the crisis? 

Since you said you don’t really need the cashflow because you are sitting on huge reserves do the math based on income instead of cashflow.

This allowed me the opportunity to score my first true passive income STR in Keystone, helping to propel my love of rentals and starting to build my future. 

Their income is also all self-employed and social security benefits.

A property manager should always account for both income and expenses—you’re the owner, and you have a right to see exactly where your money is going.It almost sounds like he thinks he’s doing you a favor instead of working on your behalf.